Last night I compared several pieces of L2 data again, and the curve of @tenprotocol is indeed a bit different. It seems that many people are not yet aware that it could become one of the competitors in the niche direction of "privacy execution layers."

Focus on the key points:
1/ Look at the structure from the data
The TEN test network has already conducted over 500 million interactions, with more than 160,000 wallets and millions of gaming activities.
This is not a wave peak artificially created by activities, but a shape that the ecosystem has naturally produced. There are not many L2s that can achieve this now.

2/ Analyze the demand from the scene
DraeAI (AI Private Context), Havona/Puffin (Hidden State Games), and Maya (Financial Logic) are types of projects that cannot run smoothly on other L2s; TEN's TEE provides them with an environment where they can "complete the logic".
In other words, it is not TEN that needs these applications, but these applications that need TEN.

3/ Looking for opportunities from a cyclical perspective
Overall, $TEN is more like an early layout at the intersection of the three demands of "AI × iGaming × Finance."

This type of scenario previously had no execution layer, and now there is finally an available one.
If you believe that future applications will become increasingly complex, then TEN, as a "Privacy Execution Layer L2," will become more and more important.

I heard that $TEN TGE is coming soon, and how pricing will be determined and how ecological expansion will be viewed will be key observation points.